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Reaching Your CPP Contribution Maximum: What Workers Need to Know

  Understanding when you’ve hit the Canada Pension Plan (CPP) maximum contribution for the year can save you confusion—and help you make sense of your paycheques as the year goes on. The CPP is designed with an annual limit, meaning once you’ve contributed the maximum required amount, no further CPP deductions should come off your income for the rest of that calendar year. How CPP Contributions Work CPP contributions are based on: Your employment income The year’s maximum pensionable earnings (YMPE) The CPP contribution rate Each year, the federal government sets: A maximum amount of income on which CPP contributions apply (the YMPE) The maximum total contribution you and your employer must make Once your income reaches that threshold, your contributions stop automatically. How to Know You’ve Reached the Maximum Here are the simplest ways to tell: Check your pay stub Your pay stub shows year‑to‑date CPP contributions. Compare this number to the annual maximum ...
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China's Lunar New Year Travel Rush: A Record-Breaking 9 Billion Trips Expected

 

As the Lunar New Year approaches, China's annual travel rush, known as Chunyun, has kicked into high gear. This 40-day period, which began on January 14, 2025, is expected to see a record-breaking   9 billion trips. This massive movement of people is the world's largest annual migration, with most journeys made by car.

The Lunar New Year, marking the start of the Year of the Snake, falls on Wednesday, with New Year's Eve on Tuesday reserved for family gatherings and traditional fireworks displays. The travel rush will peak over the weekend, with 510 million trips by train and 90 million by air.

While the festival has traditionally been a time for families to reunite, rising prosperity has led many to travel overseas, with cross-border trips expected to rise by nearly 10%. Despite the economic challenges, the festive spirit remains strong, with temple markets and other traditional events drawing millions of visitors.

This year's extended public holiday, from January 28 to February 4, aims to boost consumer spending and support the economy. As travelers rush to their hometowns, the excitement and anticipation for the Year of the Snake celebrations are palpable.






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